Quantoz USDQ

Ethereum

United States Dollar

Kraken

Bitfinex

AscendEX (BitMax)

## What Is Kraken?

Kraken is a US-based cryptocurrency exchange where users can buy, sell and trade various assets with relatively low commissions. Clients can also earn rewards through coin staking. The exchange has a leading level euro volume and liquidity and allows users to trade over 100 crypto assets and 7 fiat currencies, including USD, CAD, EUR, GBP, JPY, CHF and AUD, on-the-go with a web platform and mobile apps.

Founded in 2011, it was one of the first few crypto exchanges offering spot trading, derivatives and index products. Today, the company offers numerous products and services, including but not limited to: spot trading, margin trading, futures, indices, stakings, OTC and an upcoming non-fungible token (NFT) marketplace. The exchange serves over 8 million traders and institutional clients, and is backed by Digital Currency Group, Blockchain Capital, Tribe Capital, Hummingbird Ventures and more.


## Who Are the Kraken Founders?

The centralized exchange is owned by Payward Inc., founded by its CEO, crypto pioneer Jesse Powell.

Powell has been working with digital currencies since 2001. He graduated from California State University with a degree in Philosophy with a concentration in Ethics & Law, founded the Verge Gallery and Studio Project, created Internet Ventures & Holdings.


## When Did Kraken Launch?

Kraken was founded in 2011 and launched in September 2013, offering Bitcoin, Litecoin and euro-denominated trades initially.


## Where Is Kraken Located?

The company is based in San Francisco, California.


## Kraken Restricted Countries

Kraken is available to all U.S. residents, except those living in New York and Washington. However, Kraken Futures are not available to all U.S. residents. Currently, the platform serves millions of customers in approximately 200 countries.

The company has several restrictions for the following countries: Afghanistan, Central African Republic, Congo-Brazzaville, Eritrea, Congo-Kinshasa, Guinea-Bissau, Cuba, Lebanon, Iran, Mali, Iraq, Namibia, Libya, Somalia, North Korea, South Sudan, Syria, Sudan, Tajikistan and Yemen.


## What Coins Are Supported on Kraken?

More than 120 coins are supported on the platform, including [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/), [LTC](https://coinmarketcap.com/currencies/litecoin/), [XRP](https://coinmarketcap.com/currencies/xrp/), [ETC](https://coinmarketcap.com/currencies/ethereum-classic/), [ZEC](https://coinmarketcap.com/currencies/zcash/), [USDT](https://coinmarketcap.com/currencies/tether/) and more.


## How Much Are Kraken Fees?

Fees on the platform vary across different products, such as Instant Buy, Kraken Pro, Stablecoins, Margin, Futures and NFT. For the basic Instant Buy service, the company charges a fee of 0.9% for stablecoins and 1.5% for other crypto assets, on top of fees charged for different payment methods. For Kraken Pro, it uses a maker-taker fee model where maker fees range 0.00% to 0.16% and taker fees range from 0.10% to 0.26%, depending on how often a user trades each 30-day period.


## Is It Possible To Use Leverage or Margin Trading on Kraken?

For advanced users, Kraken Pro offers margin and futures features. The platform offers up to 5X leverage. The maximum level of leverage depends on the currency pair.

## What Is Bitfinex?

Bitfinex is one of the oldest cryptocurrency exchanges, founded in 2012 and operated by the Hong Kong-based company iFinex Inc. [Tether](https://coinmarketcap.com/currencies/tether/) (USDT), the largest [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) by [market cap](https://coinmarketcap.com/alexandria/glossary/market-capitalization-market-cap-mcap), is also owned by iFinex Inc. The [centralized exchange](https://coinmarketcap.com/alexandria/glossary/centralized-exchange-cex) (CEX) platform was designed for professional traders and institutions, with support for both [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) and crypto. The exchange is considered one of the most [liquid](https://coinmarketcap.com/alexandria/glossary/liquid-market) for [BTC](https://coinmarketcap.com/currencies/bitcoin/) pairs and other major altcoins like [ETH](https://coinmarketcap.com/currencies/ethereum/) and [XMR](https://coinmarketcap.com/currencies/monero/). To protect user assets, the platform offers both two-factor authentication and IP address monitoring.

The exchange focuses on professional traders and investors with experience, offering platform users the ability to engage in margin lending, margin funding, paired trading, [over-the-counter](https://coinmarketcap.com/alexandria/glossary/over-the-counter-otc) (OTC) trading and more. Besides spot and [margin trading](https://coinmarketcap.com/alexandria/article/what-is-margin-trading-and-how-does-it-work), Bitfinex also offers various other products, such as: Bitfinex Borrow, Bitfinex Pay, Bitfinex Pulse, Affiliate Program, API and its native utility token — UNUS SED LEO, amongst others.


## Who Are the Bitfinex Founders?

Bitfinex was co-founded in 2012 by Raphael Nicolle and Giancarlo Devasini. 

Nicolle started his career as an IT technician and worked as a system administrator at Gutenberg Networks. Afterwards, he focused on the Bitcoin ecosystem and started developing Bitfinex based on the Bitcoinica trading platform code.

Devasini is the serving CFO. He graduated from Milan University as a Doctor of Medicine but developed a passion for technology and entered the computer hardware business. He founded Point-G Srl and then Solo SpA. In 2012, Devasini met Raphael Nicolle and joined Bitfinex, running its trading and risk management operations.


## Where Is Bitfinex Located?

The company is registered in the British Virgin Islands and based in Hong Kong.


## Bitfinex Restricted Countries

Bitfinex restricts access to Iran, North Korea, Cuba, Syria, Crimea, Donetsk People's Republic and the self-proclaimed Luhansk People's Republic. U.S. citizens, citizens or residents of Canada, the British Virgin Islands, the Government of Venezuela and residents of Austria or Italy are also prohibited from accessing the exchange.


## What Coins Are Supported on Bitfinex?

Bitfinex supports a wide array of trading pairs and 270+ cryptocurrencies, among them: [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/), [USDT](https://coinmarketcap.com/currencies/tether/), [SOL](https://coinmarketcap.com/currencies/solana/), [LTC](https://coinmarketcap.com/currencies/litecoin/), [XRP](https://coinmarketcap.com/currencies/xrp/), [EOS](https://coinmarketcap.com/currencies/eos/) and many other options.


## How Much Are Bitfinex Fees?

For crypto to crypto/stablecoins/fiat, [maker fees](https://coinmarketcap.com/alexandria/glossary/market-maker-market-taker) are 0.10% while taker fees are 0.20%. For crypto derivatives, maker fees are 0.020% while taker fees are 0.065%. Users can hold UNUS SED LEO tokens to receive 15% - 25% discount on their trading fees.

Deposit fees are free from crypto, stablecoin and securities, while wire transfer fees are 0.10%. Withdrawal fees are dependent on the cryptocurrency.


## Is It Possible To Use Leverage or Margin Trading on Bitfinex?

On the platform, qualified users (basic plus verification level and above) have the option to trade up to 10X [leverage](https://coinmarketcap.com/alexandria/glossary/leverage), receiving funds through its [peer-to-peer](https://coinmarketcap.com/alexandria/glossary/peer-to-peer-p2p) (P2P) margin funding platform.

## What Is AscendEX (BitMax)?

AscendEX (formerly BitMax) is a global digital asset financial platform founded by a group of Wall Street quantitative trading veterans in 2018, building on core value of “Efficiency, Resilience and Transparency.” The global cryptocurrency exchange platform serves both retail and institutional clients in more than 200 regions. A rebranding effort was set in motion on March 22, 2021, as part of an initiative to become the leading financial platform for cryptocurrencies, combining the strengths of a centralized trading platform with DeFi.

Driven by its continuous product development and early-mover advantage in strategic alignment with the DeFi ecosystem, AscendEX offers trading services across over 200 trading pairs across cash, margin, and futures products, in particular margin trading of over 50 tokens in cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes.

On December 11, 2021, malicious actors managed to access the exchange’s hot wallets, reportedly stealing $77.7 million across three chains – Ethereum, Binance Smart Chain, and Polygon.

## Who Are the Founders of Ascendex?

AscendEX was founded by Dr. Jing Cao. He has garnered experience working as the Chief Investment Officer at Delpha Capital Management LLC, Chief Executive Officer for HD Consulting Services Group, Inc., and Portfolio Manager at Knight Capital Group, Inc. Jing Cao received an undergraduate degree from the University of Science & Technology of China and a doctorate from The University of Chicago.


## When Did AscendEX Launch?

The company launched under the "BitMax" name in August 2018.


## Where Is AscendEX Located?

The company is headquartered in Singapore.


## AscendEX Restricted Countries

According to the company’s terms of service, its services are not offered to residents of Singapore, China (Mainland), the US, and “five US permanently inhabited territories - Puerto Rico, the U.S. Virgin Islands, Guam and the Northern Mariana Islands in the North Pacific Ocean, and American Samoa in the South Pacific Ocean.” Furthermore, the services are restricted for citizens and residents of regions where crypto trading is banned.


## What Coins Are Supported on Ascendex?

Over 250 digital assets are listed on the exchange. Customers can trade on more than 320 pairs.


## How Much Are Ascendex Fees?

There are 9 VIP levels determined by the 30-day trade volume and 30-day average ASD holdings of a user. The transaction fees are based on the user’s VIP level. For large market cap assets, the fees are 0-0.1% for makers and 0.02-0.1% for takers. The maker fees are 0-0.2%, while the taker fees make up 0.02-0.2% for other altcoins.


## Is It Possible To Use Leverage or Margin Trading on Ascendex?

AscendEX allows margin trading, with leverage of up to 3X, 5X, 10X and 25X.

Crypto Exchanges For Quantoz USDQ / United States Dollar

Crypto Exchanges that are offering USDQ / USD market pair.

Crypto Exchanges For USDQ / USD.

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